Sculptor Capital LP Has $9.57 Million Stock Holdings in Velocity Acquisition Corp. (NASDAQ:VELO)

Sculptor Capital LP grew its position in shares of Velocity Acquisition Corp. (NASDAQ:VELOGet Rating) by 292.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 981,584 shares of the company’s stock after purchasing an additional 731,585 shares during the quarter. Sculptor Capital LP owned approximately 3.41% of Velocity Acquisition worth $9,571,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in VELO. Integrity Capital Management HK Ltd acquired a new stake in shares of Velocity Acquisition during the first quarter valued at about $49,000. Jane Street Group LLC acquired a new stake in shares of Velocity Acquisition during the first quarter valued at about $108,000. Mint Tower Capital Management B.V. acquired a new stake in shares of Velocity Acquisition during the first quarter valued at about $117,000. Granby Capital Management LLC acquired a new stake in shares of Velocity Acquisition during the fourth quarter valued at about $243,000. Finally, Citigroup Inc. acquired a new stake in shares of Velocity Acquisition during the first quarter valued at about $259,000. 73.60% of the stock is owned by institutional investors and hedge funds.

Velocity Acquisition Stock Up 0.2 %

Velocity Acquisition stock opened at $9.83 on Thursday. The stock’s 50 day moving average is $9.83 and its 200 day moving average is $9.79. Velocity Acquisition Corp. has a one year low of $9.61 and a one year high of $9.94.

Velocity Acquisition Company Profile

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Velocity Acquisition Corp. does not have significant operations. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in digital transformation businesses. The company was incorporated in 2020 and is based in Ridgefield, Connecticut.

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Institutional Ownership by Quarter for Velocity Acquisition (NASDAQ:VELO)

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